Ex-Im Bank Chairman Hochberg to Address Virginia Small Businesses at Export Summit and Visit Orbital Sciences Corp.

WASHINGTON, Sept. 10 /PRNewswire-USNewswire/ -- Virginia small businesses will learn how the Export-Import Bank of the United States (Ex-Im Bank) can help them grow their profits and create U.S. jobs by exporting when Ex-Im Bank Chairman Fred P. Hochberg addresses a conference sponsored by U.S. Senator Mark Warner in Richmond, Va. Monday, Sept. 13.

"I am proud to join Senator Warner and Secretary of Commerce Gary Locke for the Virginia Summit on Export Opportunities, one of a series of Exports Live! events in which Ex-Im Bank has participated across the country," Hochberg said.  "Virginia companies and their workers can successfully compete with businesses anywhere in the world, and Ex-Im Bank stands ready to help them do it."

Hochberg noted that so far in fiscal year 2010, Ex-Im Bank has supported $139.2 million in exports of goods and services by Virginia businesses, with small business exports accounting for $67.4 million of the total.

Following the conference, Hochberg will visit Ex-Im Bank customer Orbital Sciences Corporation in Dulles, Va. The company provided an 8,230-MHz Ka-band telecommunications satellite for the Hylas 2 satellite project of Avanti Communications of London.  A $237 million Ex-Im Bank direct loan supported U.S. satellite equipment and services exports for the project.  

For more information and to register for this free conference, please visit www.warner.senate.gov.

WHAT: Virginia Summit on Export Opportunities

WHEN: Monday, September 13, 2010

8:30 a.m. - 1:00 p.m.

WHERE: Virginia Museum of Fine Arts

200 North Boulevard

Richmond, VA 23220

[free parking will be provided]

Ex-Im Bank, an independent, self-sustaining federal-government agency, helps create and maintain U.S. jobs by filling gaps in export financing and strengthening U.S. export competitiveness. The Bank provides a variety of financing mechanisms, including working capital guarantees to help small and medium-sized U.S. businesses, export-credit insurance to protect against nonpayment by foreign buyers, and loan guarantees and direct loans to assist foreign buyers of U.S. goods and services.

SOURCE Export-Import Bank of the United States

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